The control room of Euronext, the company that manages the Paris Stock Exchange (AFP / ERIC PIERMONT)
The Paris Stock Exchange ended with a small increase of 0.25% on Wednesday and managed to set new records during the session and at the close, continuing to rely on a macroeconomic context favorable to stocks.
The flagship CAC 40 index gained 20.06 points to 8,204.81 points, a new record. During the session, it rose to 8,230.38 points, its new high. On Tuesday, it gained 0.41%.
The main news of the week is the publication of inflation indicators for March in several Eurozone countries and the United States. But the figures most closely scrutinized by the markets will not be released until Friday, the day when most stock markets around the world will be closed due to the long Easter weekend.
In Spain, inflation accelerated in March to 3.2% year-on-year and “the trend of slowing underlying inflation continued”, underlines Nathalie Benatia, macro-economist at BNP Paribas AM .
These figures are for her “rather encouraging for inflation in the euro zone”, which will be published on Wednesday next week.
Piero Cipollone, member of the executive board of the European Central Bank (ECB), declared on Wednesday that “if the data [concernant l’inflation] to come confirmed the scenario predicted in the March projections, [ils devraient se] stand ready to quickly review the restrictive stance of our monetary policy”.
The market estimates that the first rate cut by the European Central Bank (ECB) could take place in June.
On the value side, the Renault group lost 0.82% to 46.42 euros, after announcing a second sale of Nissan shares representing around 2.5% of the capital of the Japanese manufacturer.
Renault plans to sell up to 100,242,900 Nissan shares, which will cancel them, the French automobile group said in a press release.
The distributor, which passes this Wednesday into the hands of Czech billionaire Daniel Kretinsky, announced earlier this week the launch of the capital increases provided for in its safeguard plan, specifying that its stock market listing would be suspended on D-day.
A shareholder holding 1% of Casino’s share capital “prior” to financial transactions will ultimately only hold 0.003%. On Tuesday, the stock closed at 10 cents (-46.36%).
Euronext CAC40